Thermal Spray Coating Market is projected to grow at a CAGR of 5.49% during 2018 to 2024


Posted November 6, 2019 by marketresearch12

Thermal coating is a process in which a molten metal is sprayed on to a surface to increase the sustainability and the durability of the product. Thermal spray can be used on almost all materials such as ceramics, metals and plastics.

 
The global Thermal Spray Coating market is estimated to grow from US$9.982 billion in 2018 to US$13.752 billion by 2024, at a CAGR of 5.49% over the forecast period. Thermal Spray Coating market is majorly driven by increasing demand for superior surface properties of the technology in a wide range of end-use industries. Growing replacement of hard chrome plating technology with the cost-effective thermal spray technology is the major driver of the global thermal spray coating market. The booming automotive industry is augmenting the demand for thermal spray coatings to protect various electrical components and metal parts from corrosion, abrasion, and high-temperature levels. The growing aging population and the rising number of road accidents worldwide are further fueling the demand for thermal spray coatings in the healthcare sector for implants and orthopedics. An increasing number of offshore and onshore wind turbine towers and installation of large solar panels will also bolster the growth of the thermal spray coating market in the forthcoming years.

The key players of Global Thermal Spray Coating market covered in this report include Thermal Spray Technologies, ASB Industries, Sulzer, Oerlikon Group, Curtis-Wright Corporation, Metallisation, Praxair, and Bodycote.

Thermal spray coating market has been segmented on the basis of material, process, industry vertical, and geography as follows:
By Material
Ceramics
Metals
Alloys
Carbides
By Process
Cold Spray
Plasma Spray
Convectional Flame Spray
HVOF
By Industry Vertical
Aerospace
Energy and Power
Automotive
Healthcare
Others
By Geography
North America
United States
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
India
South Korea
Others


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Tags global thermal spray coating market , global thermal spray coating market analysis , global thermal spray coating market share , global thermal spray coating market size , market research reports
Last Updated November 6, 2019